The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities are traded. The money market is used by participants as a means for borrowing and lending in the short term, from several days to just under a year.
The definition of snub is something that extremely short. An example of something snub is the nose of a Pug dog. To snub is to put something out.
mid-14c., to check, reprove, rebuke, from Old Norse snubba to curse, chide, snub, scold, reprove. The ground sense is perhaps to cut off, and the word probably is related to snip. Cf. Swedish snobba lop off, snuff (a candle), Old Norse snubbotr snubbed, nipped, with the tip cut off. Meaning treat coldly appeared early 18c. Related: Snubbed; snubbing.